Finance minister: Govt channels RM20.92b to wage subsidy programme

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KUALA LUMPUR, Aug 4 — The government has channelled RM20.92 billion to 357,904 employers through the wage subsidy programme (PSU) to sustain the jobs of 2.96 million local...

KUALA LUMPUR, Aug 4 — The government has channelled RM20.92 billion to 357,904 employers through the wage subsidy programme to sustain the jobs of 2.96 million local workers in a bid to reduce the unemployment rate in the country.

“For PSU 3.0 in the same time period, RM3.775 billion was distributed to162,317 employers to sustain the salaries of 1.53 million workers. “In the period up to July 15, 2022, RM2.57 billion was distributed to 163,942 employers so that they continue to operate, helping to sustain the jobs of 1.92 million workers,” he added.

To help young people with disabilities find jobs, Tengku Zafrul said the government has prepared a quota of one per cent of job placement opportunities under the MySTEP programme for them. The government, via the Higher Education Ministry, has also allocated RM100 million for the KPT-CAP career advancement programme to help unemployed graduates. KPT-CAP has managed to place 3,618 graduates under the programme up to July 15, 2022.

 

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